# I wrote last week about the two recent DigitalHealth IPOs. After the successful going public of...

> I look at Omada Health's IPO following Hinge Health's successful public debut, noting that the valuation reflects a new market reality prioritizing a clear path to profitability over hyper-growth. I'm encouraged by the early performance but remain cautious about declaring the IPO window truly open again given ongoing macroeconomic uncertainty.

URL: https://www.ch-healthtech.com/insights/i-wrote-last-week-about-two-recent-digitalhealth-ipos-after-successful-going-pub
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Published: 2025-06-10
Updated: 2026-05-06
Author: Christian Hein
Tags: industry/health-tech, activity/venture-investment, function/strategic-planning, function/commercial-strategy, function/business-intelligence

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I wrote last week about the two recent DigitalHealth IPOs. After the successful going public of Hinge Health, it is now Omada Health's turn.

Obviously, Omada is also riding the GLP obesity wave, but to be fair, the IPO didn't price Omada based on a hyper-growth, cash-burning model of recent years. Instead, this valuation reflects a new market reality that prioritizes a clear and believable trajectory to profitability. Omada's S-1 filing showed not just impressive 57% revenue growth in the last quarter, but also a narrowing of its net losses.

It's encouraging to see Omada's IPO performing well in the early days. These are two strong companies with solid business fundamentals, and their public listings send a positive signal about investor confidence in the sector.

I'd still be cautious about declaring that the IPO window is truly open again. Broader market conditions remain volatile, and many investors are still watching from the sidelines given the macroeconomic uncertainty.

Still, momentum like this matters. If we see a few more well-executed listings in health tech, confidence could start to build again.

https://lnkd.in/eFvEGYbz